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How to get an NIB business registration number as a sole trader

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This is required for registering as a new taxpayer on vat.revenue.gov.bs

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R1 Form https://inlandrevenue.finance.gov.bs/business-licence/legal-forms/

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Businesses (employers) and self-employed persons are required to register with NIB within 10 working days of commencing operations. The employer/self-employed are assigned a unique nine (9) digit number for the payment and recording of contribution payments.

To register Employers must:

  • Obtain a business license from the Department of Inland Revenue
  • Complete and submit Form R1 to the National Insurance Board
  • Show NIB Smart Card, another form of government identification or voter’s card at the time of registration https://www.nib-bahamas.com/_m1758/Employers
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